HLHB Weekly Update – March 27, 2013

Ayayay! The HLHB Trend-Catcher‘s winning streak finally came to an end. In last week’s trading, it scored losses on both EUR/USD and GBP/USD. Looking at the stats, it looks like the system caught a lot of fakeouts.

EUR/USD

EUR/USD 1-hour Chart

On EUR/USD, it only had two small winning trades, which weren’t enough to make up for the numerous tiny losses! I made a short summary of all the crossovers that occurred as well as their respective results below:

1. Short at 1.2907. Closed at 1.2932 when 50-pip trialing stop was hit. -25 pips.
2. Long at 1.2968. Closed at 1.2946 when 50-pip trailing stop was hit. -22 pips.
3. Invalid signal since RSI was already below 50.0 the candle prior the crossover.
4. Long at 1.2957. Closed at 1.2963 due to new crossover. -6 pips.
5. Invalid signal since RSI was below 50.0 the candle prior the crossover.
6. Long at 1.2963. Closed at 1.2944 due to new crossover. -19 pips.
7. Short at 1.2944 Closed at 1.2951 due to new crossover. -7 pips.
8. Invalid crossover because RSI was already above 50.0 prior the crossover.
9. Short at 1.2939. Closed at 1.2895. +44 pips.
10. Long at 1.2903. Closed at 1.2929 due to new crossover. +26 pips.
11. Invalid crossover because RSI was already below 50.0 prior the crossover.
12. Invalid crossover. RSI was below 50.0.
13. Short at 1.2893. Closed at 1.2936 due to new crossover. -43 pips.
14. Invalid crossover because RSI was already above 50.0 prior the crossover.

Total gain/loss: -52 pips

GBP/USD

GBP/USD 1-hour Chart

It was almost the same story for GBP/USD as you can see from the list of trades below:

1. Long at 1.5134. Closed at 1.5091 due to new crossover. -43 pips.
2. Short at 1.5091. Closed at 1.5105 due to new crossover. -14 pips.
3. Long at 1.5105. Closed at 1.5102 due to new crossover. -3 pips.
4. Short at 1.5102. Closed at 1.5105 due to new crossover. -3 pips.
5. Invalid signal since RSI did not cross 50.0.
6. Invalid signal since RSI was below 50.0 prior the crossover.
7. Invalid signal since RSI did not cross 50.0.
8. Short at 1.5101. Closed at 1.5085 when 50-pip trailing stop was hit. +16 pips.
9. Invalid signal since RSI did not cross 50.0.
10. Short at 1.5110. Closed at 1.5123 due to new crossover. -13 pips.
11. Long at 1.5123. Closed at 1.5161 when 50-pip trailing stop was hit. +38 pips.

Total gain/loss: -22 pips

Hoping that this week would turn out to be better than the last one. Fingers crossed!

XOXO,

Huck

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